Will Banknifty Sustain Gains?

Bank Nifty Spot View: 15/12/2023
CMP: 47732.30
Moving AVG (EMA) 20 Hour & 40 Hour: 47656 & 47472
Moving AVG (EMA) 20 Day & 40 Day: 46809 & 45835
Support & Downside Range: 47580—47320--46885
Resistance & Upside Range: 48175—48500--48975
Short Term Trend Reversal Level: -- 46885

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Trading View: In today's trading session key level to watch is 47580 as support as long as bank nifty trading above this support level its intraday bias remains bullish for upside minimum 48175 to 48500 and max 48975 levels whereas after opening if 47580 breaks and we get sustain below it for 15 to 30 mins then we may see some cooling off intraday dip till minimum 47320 to 46885 levels so understand the importance of 47580 support and act accordingly.